Retirement Planning Services to Help You Sleep Better Tonight and Every Night
Retirement Planning
Dennis Cozen is all about making it easy for medical and other professionals
to plan for
their retirement needs.
When it comes to your future, planning for retirement is where it all begins.
Without an effective plan, your hopes for retirement
are at risk.
Planning for retirement the Dennis Cozen way is a simple and friendly
experience. Dennis makes it simple by walking you through four key questions.
- Where do you want to be?
- How much time is left to get there?
- Where are you now?
- What are the right actions to take now to lock in your future?
Question
#1: Where Do You Want to Be?
Setting a retirement investment goal is no different than choosing any
other goal.
First, what do you want and when do you want it?
Second, how much money will it really take for you to get what you want?
Knowing your goal specifics is the key in designing your retirement. If you
don't know where you want or need to be, there is no basis for a retirement
plan. With no retirement plan in place it is unlikely that you will like
where you end up. You may not have a retirement experience that aligns with
your dreams.
Question
#2: How Much Time is left to Get There?
The time available to your goal drives many of the decisions in
approaching your retirement strategy.
As you get clear on the specifics of what you want and when you want it, you will need to:
- Accept the time you set to get there;
- Reject the time and make alternative choices in your retirement plan or;
- Adjust your goal or starting point to make your goal.
Time is the key factor in planning for retirement. The relationship between
time and rate of return always plays a huge role in money. If you have 20
years and can earn eight percent, you're going to think about retirement
planning differently
than if you have 5 years and a risk tolerance that will only earn five percent
return.
Question
#3: Where Are You Now?
How do you know where you are now? In terms of money, there are two ways to
know:
- Your net worth; and
- Your monthly retirement plan investment dollars
Question
#4: What Action Will Get You There?
Your risk tolerance and your time horizon, in the hands of a
financial planner, will give you a set of options for action.
High risk tolerance and 30 years of working life left along with lots of
disposable income yield lots of options for action in your retirement strategy.
Lower risk tolerance, fewer years of working life and less disposable income
to invest yield many options but raise the requirement for careful retirement
strategy.
Give yourself a chance.
When planning for retirement, first look for
financial instruments that have potential to get you to your goal on time. Dennis
Cozen can help you to balance your goal with your risk tolerance
and other factors so that you have the best chance possible of getting where
you want to be at retirement.
The first step
in a retirement plan is a phone call or email away.
Find out about my retirement planning service.
Dennis is a former high school math teacher who became a financial planner
and tax consultant over 10 years ago. His analytical skills combined with
a warm and friendly style and no-nonsense approach to retirement and financial
planning
may
be just what you need to take the first steps towards retirement.
